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Transitional provisions-Part-III under CGST Ac

Transitional provisions-Part-III

In my previous articles “Transitional provisions under Central Goods and Services Tax Bill (Act)-Part-I” And “Job-Work and Transition: CGST Act” Part-II I have tried to analyzed the transition provisions relating to -Transitional arrangements for input tax credit. -Section 140 Transitional provisions relating to job work-...

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Preparing for GST ? Here are some leads…


Background The GST Council has, in the recent past, made quick progress towards its goal of implementing a new tax across India viz. Goods and Services Tax or simply “GST”. GST has been implemented in more than 140 countries across the world. However, India’s journey...

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Job work and Transition under CGST Act

Job work and Transition

1. Job Working All industrial sectors are heavily dependent upon Job-working, it is so massive in the term of transaction that it is itself constitute a separate industry and all laws are required to be framed in accordance with the requirement of this sector. The...

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Tax Return Preparer Scheme – GST Regime

Tax Return Preparer Scheme

This article deals with salient features of the Tax Return Preparer scheme under the GST regime as enshrined in Model Law and Draft Rules. 1. Who are eligible to be appointed as Tax Return Preparer Any of the below mentioned may be appointed as tax...

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Accounts and Records under GST Regime

Accounts and Records

The main provisions in respect of accounts and records are discussed as follows: Every registered taxable person must keep and maintain at his principal place of business mentioned in certificate of registration True and correct account of Production or manufacture of goods. Inward and outward...

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Electronic way bill under the GST Regime

electronic way bill

As per section 68(1) of the CGST Act the Government may require the person in charge of a conveyance carrying any consignment of goods of value exceeding such amount as may be specified to carry with him such documents and such devices as may be...

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Assessment as enshrined in GST Regime


This article deals with various kinds of assessments as enshrined in the model GST Law. Self- Assessment: Normally every person is required to make self-assessment of his tax dues under the Act and file returns prescribed under section 34 for each tax period and pay...

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Tax liability on composite and mixed supplies-GST


Tax liability on composite and mixed supplies – GST Regime. As per section 2(30) of the CGST Act “composite supply” means a supply made by a taxable person to a recipient consisting of two or more taxable supplies of goods or services or both, or any...

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Impact of GST on the Textile and Garment Industry

Textile and Garment Industry

Textile and Garment industry play a very important role in the development of the Indian economy with respect to GDP, Export promotion, employment, etc. It is the one of the oldest manufacturing industry in India. It is the second largest industry after agriculture which provides...

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GST is not extended to Jammu & Kashmir

Why GST is not extended to Jammu & Kashmir as per the CGST Bill 2017 presented to the parliament The state of Jammu & Kashmir has been enjoying Special Status due to its accession to the Union of India through the ” Instrument of Accession”. Due...

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